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24 May 2018

Match the following terms with their proper definitions.
Potential Matches:
1 : measures the responsiveness of the quantity supplied of a good to changes in the price of that good
2 : a formula that measures the responsiveness along a specific section (arc) of a supply or demand curve and measures the "average" price elasticity between two points on the curve.
3 : measures the responsiveness of the quantity supplied of a good to changes in the price of the related good
Answer
: Own-Price Elasticity of Supply
: Cross-Price Elasticity of Supply
: Arc Elasticity

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Tod Thiel
Tod ThielLv2
26 May 2018

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